Family Dollar Stores Rises On Unusually High Volume (FDO)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Family Dollar Stores (NYSE: FDO) is trading at unusually high volume Friday with 3.3 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.18 (+2.1%) at $56.92 as of 11:36 a.m. ET.

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Family Dollar Stores has a market cap of $7.41 billion and is part of the services sector and retail industry. Shares are up 1% year to date as of the close of trading on Thursday.

Family Dollar Stores, Inc. operates a chain of self-service retail discount stores primarily for low- and middle-income consumers in the United States. The company has a P/E ratio of 17.9, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Family Dollar Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Family Dollar Stores Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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